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SGX
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john_ric
Supreme |
17-Jan-2022 12:03
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big crash today. what bad news. | ||
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gosharej
Senior |
17-Jan-2022 09:48
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Don' t believe too much on all the analyst reports. just like all analysts said Wilmar worth $5+ for more than 1-2 years. See what has happened to wilmar price now. Now all keep quiet on Wilmar already. |
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PhillipTan
Supreme |
16-Jan-2022 04:41
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DBS maintains ' hold' on SGX due to no immediate catalystDBS Group Research analyst Lim Rui Wen has maintained her " hold" call for Singapore Exchange (SGX) as there are no immediate catalysts for the stock, on top of mixed performances of 1HFY22 equities and derivatives volumes.This is despite the good contributions SGX saw from all business segments over the past two years, including from equities and fixed income, currencies and commodities (FICC), on the back of heightened market volatility. Lim notes that the stock also faces competition risks. " SGX' s FTSE China A50 Index futures, which used to be the only offshore China A50 futures, accounting for about 40% of SGX' s total derivatives volumes, now sees competition from HKEX' s MSCI China A50 Connect index futures, which is gaining market share. Should HKEX continue to gain market share, there is potential earnings risk for SGX as well," she adds. DBS continues to monitor the execution of the newly acquired index provider Scientific Beta and FX trading platform BidFX as SGX sets its sight on doubling revenues from Data, Connectivity, Indices (DCI) and FICC in the next four years. Potential catalysts include higher-than-expected growth in securities daily average value (SDAV) as well as FICC and DCI re-rating catalysts, says Lim. DBS' s dividend discount model-based target price at $10.20 represents about 24 times one-year forward PE, which is 1 standard deviation above its five-year historical mean. |
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jackass
Member |
14-Jan-2022 13:18
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last time during year 2007 - SGX went up to 15 dollar before the bubble burst in year 2008 now looking at the US treasury yield curve, the same thing is going to happen within 1 years to 2 years time ... by then given the size of the bubble who knows how high will SGX become ...
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john_ric
Supreme |
14-Jan-2022 13:09
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strange! no drop but up.do you know why? coz any news that we know are 3 months old. only insiders know it real time. |
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Singpost
Master |
14-Jan-2022 11:11
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going to dro p
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tongphlp
Supreme |
14-Jan-2022 08:46
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MarketsSGX total securities market down by 19.6% y-o-y in Dec 2021 to $19.6 bilFelicia Tan Published on Fri, Jan 14, 2022 / 1:01 AM GMT+8 / Updated 7 hours ago
https://www.theedgesingapore.com/capital/markets/sgx-total-securities-market-down-196-y-o-y-dec-2021-196-bil
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PhillipTan
Supreme |
14-Jan-2022 01:37
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SGX securities turnover value down 20% to S$19.6b in December 2021Total securities market turnover value on the Singapore Exchange (SGX) fell 20 per cent on year in December 2021 to S$19.6 billion, while the securities daily average value was also down 23 per cent on year at S$852 million.However, the bourse saw an increase in demand for equity and commodity derivatives in the month, amid cautious optimism that the global economic recovery remained on track, SGX said in its monthly market statistics report on Thursday (Jan 13). Derivatives traded volume on SGX rose 5 per cent on year to 19.3 million contracts, the highest in 3 months. Equity index futures volume was up 7 per cent on year, largely due to gains in the SGX FTSE China A50 Index Futures and SGX MSCI Singapore Index Futures. Meanwhile, commodity derivatives volume gained 8 per cent on year to 2.6 million contracts amid a rebound in physical bulk trading activity and strong growth in freight derivatives. As for the benchmark index, the Straits Times Index (STI) was up 3 per cent on month in December to 3,123.68. On year, it was up 10 per cent. Additionally, SGX said S$1.7 billion of total primary funds were raised in 2021, up 20 per cent on year. It noted that the listing of Digital Core Reit in the year marked one of the largest real estate investment trust (Reit) listings globally by funds raised.SGX-listed companies also raised S$14.8 billion in secondary funds in 2021, of which S$1.1 billion was raised in December. As for new bond listings last month, the amount issued from 111 new bond listings rose 118 per cent on year to S$28 billion. Shares of the SGX closed at S$9.65 on Jan 13, up S$0.01. |
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PhillipTan
Supreme |
13-Jan-2022 09:13
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SGX plans to launch battery raw material contracts to tap EV boomIn line with growing demand for electric vehicles, SGX looking to launch energy metals derivative contracts on raw materials needed in making batteries, such as cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide.SGX will be partnering with Fastmarkets, the price reporting agency for these derivative contracts, and expects to launch these new contracts by July this year, subject to regulatory approval. SGX hopes to provide via, the trading of these contracts, a pricing benchmark and tool for market participants to manage price risk exposures on energy metals required to build the batteries. SGX is already an active market for the trading of other commodities ranging from iron ore to rubber. " 2022 will see a crystallisation of ESG initiatives with the global economy embarking on a strong sustainability drive towards net zero promises. The strong momentum we have seen in electric vehicle adoption will continue, with battery metals providing the crucial backbone underpinning the green movement," says William Chin, head of commodities at SGX. " With the launch of the energy metals derivative contracts, we will be providing our clients with unique capital efficiencies in a ' virtual car complex' alongside our global rubber benchmark, allowing market participants to undertake price risk management of key raw materials used in car production," he adds. |
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john_ric
Supreme |
07-Jan-2022 13:13
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seems to test the previous high of 12 sgd. |
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john_ric
Supreme |
07-Jan-2022 12:08
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results soon. price up as usual when results/ div are near. | ||
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PhillipTan
Supreme |
05-Jan-2022 20:07
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Jefferies upgrades SGX to ' buy' on higher trading volumes, reasonable valuationThe Singapore Exchange has a favourable risk-to-reward profile due to its potential for higher trading volumes and its reasonable valuation, said Jefferies on Tuesday (Jan 4).Equity analyst Krishna Guha upgraded SGX to a " buy" call from " hold" , and raised its target price to S$10.80 from S$10, as he expects higher trading volumes and treasury revenue. He noted that the bourse operator currently trades at 21.8 times the consensus' estimates for SGX' s earnings in the next 12 months, and its share price has also fallen around 15 per cent in the past 6 months. Shares of SGX were trading at S$9.50 as at 4.23 pm on Wednesday (Jan 5), up S$0.17 or 1.8 per cent. Guha noted concerns that average daily volumes on the SGX will be hit by investors pulling liquidity out of SGX-listed counters when foreign-listings - such as US-listed Sea - are included in the MSCI Singapore Index. However, he said the concerns have not played out so far, and estimated that the reduction in weight from the banks equals to less than a couple of days of turnover for the counters. Instead, the inclusion of globally-listed Singapore companies on the index should increase the weight of new economy stocks and boost the Singapore market' s weight on the MSCI Asia ex Japan Index, which in turn should bring liquidity into the MSCI Singapore Index futures and the cash market, Guha said. In fact, potential listings of special purpose acquisition companies (SPACs), potential fixed asset investments in China and rising rates should boost cash equity and commodity-derived volume. Guha raised his average daily volume assumptions for the financial year ended 2023 to S$1.5 billion from S$1.4 billion. As for low iron ore prices, Guha expects higher capital expenditure will boost the prices and associated derivative volumes for SGX iron ore futures, while declining treasury revenue on the SGX should gain from higher rates and index levels. Additionally, the analyst noted concerns that the launch of the Hong Kong Exchange' s MSCI China A-share futures contract will weigh on near-term product volumes and margins, as it competes directly with SGX' s A50 futures contract. However, he said the monthly trading average of the contracts is just down 7 per cent of its monthly average of the past 12 months, while open interest has marginally inched up in the same period. |
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Joelton
Supreme |
29-Dec-2021 09:06
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SGX and SZSE sign MOU to link ETF markets in Singapore and China
LOCAL bourse operator Singapore Exchange (SGX) SGX: S68 +0.86% announced on Tuesday (Dec 28) that it has signed a memorandum of understanding (MOU) with its Chinese counterpart, the Shenzhen Stock Exchange (SZSE), to establish an exchange-traded fund (ETF) link.
Under the MOU, SGX and SZSE will look to list feeder ETFs which link locally-listed ETFs to ones listed on the other exchange, offering investors a wider range of investment options and allowing domestic ETF issuers to tap cross-border capital flows.
This comes as Singapore and China are set to mark more than 3 decades of diplomatic ties at the upcoming 17th Joint Council for Bilateral Cooperation on Wednesday (Dec 29), co-chaired by Chinese Vice Premier Han Zheng and Deputy Prime Minister Heng Swee Keat.
Chief executive officer of SGX Loh Boon Chye said that the strong demand for ETFs in Asia underscores the region' s growing role as a global ETF hub.
" We look forward to working closely with onshore exchanges in strengthening the ETF markets in Singapore and China, and to more regional collaborations," he said.
As at end-November 2021, Singapore-listed ETFs crossed S$12 billion in assets, up 50 per cent from the same period a year ago. Currently, the SGX lists 35 ETFs, while the SZSE lists 212 ETFs.
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moonsun
Veteran |
23-Dec-2021 15:13
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https://www.businesstimes.com.sg/companies-markets/mas-should-match-its-proposed-due-diligence-requirements-with-aggressive
Hmmmm |
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Joelton
Supreme |
16-Dec-2021 09:42
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SGX rolls out mandatory climate reporting for financial, energy issuers from 2023
SGX RegCo said the prioritisation is based on industries identified by the Task Force on Climate-related Financial Disclosures as being most affected by climate change.
Climate reporting will be mandatory for issuers in the financial, energy, agriculture, food and forest products industries from the 2023 financial year, the Singapore Exchange (SGX) said on Wednesday (Dec 15).
The same rule will apply to companies from the materials and buildings and transport industries from 2024.
The requirements follow recommendations from the Task Force on Climate-related Financial Disclosures and a public consultation that began in August on sustainability reporting and board diversity disclosures which the SGX said " received broad support" .
" The market recognises that climate reporting is important as a first step towards efforts to mitigate the effects of climate change. Decision-makers also want climate information when they allocate assets, extend financing and price risks," said SGX Regulation (SGX RegCo) chief executive Tan Boon Gin.
" These factors make climate reporting most urgent for industries with the biggest impact."
SGX RegCo said the prioritisation is based on industries identified by the task force as being most affected by climate change and the transition to a lower-carbon economy.
Listed issuers will also have to subject their sustainability reporting processes to internal review from January. All directors will also have to undergo a one-time training on sustainability.
Sustainability reports will also have to be issued together with annual reports unless issuers have conducted external assurance. Previously, standalone sustainability reports could be submitted five months after the financial year ended, a month longer than the deadline for annual reports.
The SGX added that its separate public consultation on 27 proposed core environmental, social and governance (ESG) metrics and a portal for issuers to input ESG data also received " strong market support" .
The metrics are not mandatory, but companies can use them as a starting point on what to disclose in their sustainability reports.
Apart from climate and ESG topics, issuers will also be required to set a board diversity policy that addresses gender, skill and experience and other relevant aspects. They must also describe this policy in their annual reports and include details such as diversity targets, plans, timelines and progress.
" Recent uncertainties have posed financial and governance challenges for boards," SGX RegCo' s Mr Tan said. " Having a broad set of perspectives will better enable companies to anticipate and face these challenges."
The Corporate Governance Advisory Committee noted that a review of disclosures by listed companies showed that about 87 per cent of the 3,700 directors was male, and 45 per cent of the companies reviewed had all-male boards.
It also found that the average age of directors was 59, with more than half above 60. The average tenure of independent directors was 6.6 years, with around a quarter having served for more than nine years.
From next year, independent directors who have served nine years or more would no longer be considered independent, unless two-tier approval is obtained: from all shareholders and from shareholders excluding directors, the chief executive officer and their associates.
Mr Tan said last month that two-tier voting is expected to be used sparingly.
The Corporate Governance Advisory Committee will effect changes to the Code of Corporate Governance' s Practice Guidance to guide issuers towards improved board diversity.
It noted that " more can be done by Singapore listed companies to strengthen board diversity, including female presence on boards. In many cases, it is observed that the implementation of board diversity policies is lagging behind stated intentions" .
Mrs Mildred Tan, co-chairman of the Council for Board Diversity, said in a statement: " Capable and board-ready women with relevant skillsets and experiences are available and we hope the new SGX board diversity requirements will pave the way towards more of them in our corporate boardrooms."
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glovestrading
Member |
15-Dec-2021 20:14
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any target price? | ||
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PhillipTan
Supreme |
13-Dec-2021 08:44
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Time for SGX share price to charge up | ||
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PhillipTan
Supreme |
11-Dec-2021 18:03
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SGX' s November numbers show jump in total volume of commodities derivatives to 2.3 million contractsThe total volume of commodities derivatives jumped by 52% y-o-y in November to 2.3 million contracts, the Singapore Exchange' s (SGX) latest monthly market statistics report reveals.This came on the back of strong growth in the virtual steel mill suite, the regulator adds. Other factors that contributed to this include volatility in freight rates, bearish demand conditions and restocking in the physical iron ore market which resulted in higher price hedging activity. The volume of iron ore derivatives had risen to 54% y-o-y to 1.9 million contracts, while the volume of forward freight agreements (FFA) surged 115% on year to 178,067 contracts. The higher levels of FFA trading is in response to SGX' s " unique offering for market participants to manage bulk cargo and freight risks with capital efficiencies on a single liquid venue," SGX elaborates in a Dec 10 regulatory filing. Meanwhile, China' s exports continued on its growth trajectory in November, despite the mounting pressures facing its property market. For one, the FTSE China A50 futures volumes remained strong, with volumes growing by 6% y-o-y to 7.5 million contracts. Similarly, the SGX USD/CNH Futures traded volume rose by 6% y-o-y to 920,559 contracts while month-end open interest gained 11% y-o-y to US$10.2 billion ($13.9 billion). Conversely, the Indian rupee traded in a narrow range amid worries over the sustainability of India' s equity rally. As such, the SGX INR/USD Futures traded volume dipped by 16% y-o-y to 968,358 contracts even though month-end open interests soared by 90% y-o-y to US$1.7 billion. Overall, SGX notes that trading in cash equities and equity index derivatives accelerated towards the end of the month, especially after the identification of the Omicron Covid-19 variant. The total securities market turnover value on SGX was up 16% m-o-m at $28.2 billion, but down 22% y-o-y. The month of November also saw the listing of Daiwa House Logistics Trust on the Mainboard and Mooreast Holdings and Trans-China Automotive Holdings on Catalist. The exchange also saw the addition of more REIT ETFs (exchange traded funds) such as the CSOP iEdge S-REIT Leaders Index ETF and UOB APAC Green REIT ETF. Meanwhile, the local bourse issued $36.4 million for the 114 new bond listings in November, a 167% y-o-y surge from the previous year. These bonds include DBS Bank' s GBP1 billion covered bonds, SPIC Preferred Company No. 1' s US$900 million preference shares and Renesas Electronics Corporation' s US$850 million 5-year senior notes and US$500 million 3-year senior Green notes. Shares in SGX closed down a cent or 0.11% at $9.44 on Dec 10. |
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PhillipTan
Supreme |
11-Dec-2021 18:02
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Singapore' s Spac wave may only start next yearThe launch of special purpose acquisition company (Spac) listings in Singapore, which has been eagerly anticipated since the Singapore Exchange introduced favourable framework in September, may only take place in 2022.A number of Spac listing aspirants had submitted their applications. The Edge Singapore understands that the lodging of the preliminary prospectuses may only happen in the new year. A Dec 2 report by Bloomberg said European asset manager Tikehau Capital and Temasek' s venture capital arm Vertex Holdings are likely to lodge their preliminary prospectuses " as soon as next week." Other parties that were reported to be interested in setting up a SPAC in Singapore include private equity firm Turmeric Capital and buyout firm Novo Tellus Capital Partners. The latter was said to have applied for a SPAC listing early last month. The Edge Singapore has reached out to Vertex Holdings, Tikehau Capital, Turmeric Capital and Novo Tellus Capital Partners for comments. |
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PhillipTan
Supreme |
11-Dec-2021 17:59
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SPACs will likely boost SGX' s position as key financial hub in AsiaThe Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition companies (SPACs), CGS-CIMB said.The SPACs, which are blank-cheque companies that are listed to acquire and take a private company public, will likely provide " a much-needed boost" in investor interest and trading liquidity for the bourse operator, which has faced a slowdown in listings in recent years. CGS-CIMB upgraded its call on the bourse operator to " add" from " hold" . It maintained its target price of S$10.40 on the counter, which is pegged to 25 times the brokerage' s estimates for SGX' s 2022 earnings. The research team noted that SGX' s share price has retreated around 16 per cent since it released its full-year results in August, which offers a " palatable entry" . Meanwhile, RHB lowered its target price on SGX to S$10.30 from S$11.10 - pegged to 23 times its estimates for SGX' s FY2022 earnings - to account for near-term elevated costs and lower-than-expected trading volumes. The brokerage maintained its " neutral" call on the counter. CGS-CIMB said the shorter listing timelines of SPACs would likely attract more listing interest, which can subsequently attract stronger trading volumes on the bourse. The research team noted that SGX' s SPAC listing requirements are largely aligned with the US' s and are less rigid than Hong Kong' s, which should " prove advantageous" for SGX in the medium term as a stock exchange with multi-product offerings, particularly against regional peer Hong Kong Exchange. Although SPAC listings will likely not contribute significantly to SGX' s equity listing revenues - listings accounted for around 3 per cent of SGX' s total revenue in FY2021 - it should help make up for the gap in product offerings from the expiry of SGX' s licensing agreement with MSCI earlier this year. SPACs could also play a role in granting deep-tech startups access to capital and continuous funding for the long gestation period needed for their products and solutions, amid a national effort to boost research, innovation and enterprise in the Republic, CGS-CIMB said. As for RHB, analyst Shekhar Jaiswal noted that SGX may face higher near-term operating expenses from the consolidation of various acquisitions, and its securities trading volumes for FY2022 are also trending below forecasts. He nonetheless remains positive on SGX' s long-term growth prospects from its latest acquisitions, and potential pipeline of exchange-traded fund, real estate investment trust and SPAC listings. Jaiswal cut FY2022 earnings estimates for SGX by 4 per cent, but also raised FY2023 and FY2024 earnings estimates by 5 per cent each, to reflect a more positive long-term growth outlook. |
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